IDBI Capital Vs Groww (Compare IDBI Capital and Groww)

IDBI Capital Vs Groww

Incorporated in 1993, IDBI Capital is a Full Service Broker. It offers trading at BSE, NSE, NSDL. It has 14 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

	IDBI Capital	Groww
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, NSDL	NSE and BSE
Year of Incorporation	1993	2016
Number of Branches	14	0

IDBI Capital Vs Groww Charges & AMC

IDBI Capital trading account opening charges is Rs 500 while Groww account opening changes is Rs 0. IDBI Capital Demat Account AMC Charges is Rs 450 and Groww Demat Account AMC Charges is Rs 0.

	IDBI Capital	Groww
Trading Account Opening Charges	Rs 500	Rs 0
Trading Account AMC Charges	NIL	Rs 0
Demat Account Opening Charges	NIL	Rs 0
Demat Account AMC Charges	Rs 450	Rs 0

IDBI Capital Vs Groww Brokerage

IDBI Capital brokerage charges for equity is 0.50% and intraday is 0.05% whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

	IDBI Capital	Groww
Account Type	Standard Plan	Standard Plan
Fixed Charges		NA
Equity Delivery	0.50%	Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday	0.05%	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	0.05%	NA
Equity Options	Rs 100 per lot	NA
Currency Futures	NA	NA
Currency Options	NA	NA
Commodity Futures	NA	NA
Commodity Options	NA	NA
Special Offer

IDBI Capital Vs Groww Brokerage Plan 2

	IDBI Capital	Groww
Account Type	Ace Trader Plan	Standard Plan
Fixed Charges		NA
Equity Delivery	0.10% to 0.50%	Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday	0.020% to 0.050%	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	0.020% to 0.048%	NA
Equity Options	Rs 100 per lot	NA
Currency Futures		NA
Currency Options		NA
Commodity Futures		NA
Commodity Options		NA

IDBI Capital Charges Vs Groww

Minimum Brokerage	Rs 25 per trade or 2.5% of the trade value whichever is lower.	Rs 20 or 0.05% per executed order
Other Charges		Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges	Nil	NA

IDBI Capital Vs Groww Transaction Charges

IDBI Capital transaction charges for options is 0.051% on premium while Groww exchange transaction charges for options is NA.

	IDBI Capital	Groww
Equity Delivery	0.00325%	NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday	0.00325%	NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures	0.0019%	NA
Equity Options	0.051% on premium	NA
Currency Futures	NA	NA
Currency Options	NA	NA
Commodity	NA	NA

IDBI Capital Vs Groww Leverage (Margin)

IDBI Capital margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Groww margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	IDBI Capital	Groww
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)

Compare IDBI Capital and Groww Features

The trading platforms offered IDBI Capital include Power Pro, Power Streaming, IDBI Direct. Groww offers Groww trading software.

	IDBI Capital	Groww
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Power Pro, Power Streaming, IDBI Direct	Groww
Intraday Square-off Time	3:00 PM	3:10 PM
Other Features	Morning Report, Equity SIP, Investment Guide
Referral Program

IDBI Capital Vs Groww Review

IDBI Capital is rated 2.7 of 5 based on 39 customer reviews whereas Groww is rated 3.7 of 5 based on 25 customer reviews.

	IDBI Capital	Groww
	39 Customer Reviews	25 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	IDBI Capital is rated 2.7 of 5 based on 39 customer reviews	Groww is rated 3.7 of 5 based on 25 customer reviews

IDBI Capital Vs Groww Investment Options

	IDBI Capital	Groww
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Digital Gold, US Stocks, Fixed Deposits

IDBI Capital Vs Groww Order Type Offered

	IDBI Capital	Groww
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

IDBI Capital Vs Groww Research Report

	IDBI Capital	Groww
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

IDBI Capital Vs Groww Suitable For Investor Type

	IDBI Capital	Groww
Casual Investor
Active Investor
Trader

IDBI Capital Vs Groww - Pros and Cons

	IDBI Capital	Groww
Pros	- Prepaid plans are available for volume traders.	Simple pricing model with low-cost trading charges. Free Mutual Fund investments with no hidden charges. Zero Account opening fee. Zero Maintenance Charges. Direct MF platform that helps you earn an extra 1.5% returns. E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision. Instant paperless account opening. Online IPO application. Inhouse Brokerage Calculator Option to invest online in digital gold and US Stocks. Other products (Derivatives, FD) in the pipeline.
Cons	- Additional charge of Rs 2000 per year for installable trading platform.	Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment. No Call and Trade services. Branch support not available. Do not provide stock tips, research reports, or recommendations. No Margin trading facility. No Margin against shares. Advanced order types like BO, CO, AMO, and GTT not available. Trailling stop loss orders are not available in Groww app. Do not offer NRI Trading.
Reviews		Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository. Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds. The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors.
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